FOR IMMEDIATE RELEASE
SUE UMSTEAD CHOSEN FOR “ASK THE EXPERT” PANEL- May 27, 2010
Will Share 1031 Expertise with REALTORS®
ROYERSFORD, PA, May 27, 2010 – 1031 CORP. announced today that Susan S. Umstead, Senior Vice President, has been chosen by Montgomery County Association of REALTOR® (MCAR) as a panelist in its “Money, Money, Money” Ask the Expert seminar scheduled for June 2nd. The seminar will provide MCAR members with valuable insight to assist their customers when buying and selling properties. The panel will discuss several topics including financing options, maximizing sellers’ return on investment and protecting buyers’ assets.
Umstead will serve as the subject matter expert on 1031 exchanges, a tax strategy allowed under section 1031 of the Internal Revenue Code which enables investors to defer capital gains when selling and subsequently acquiring another property held for business use or investment. Her discussion will focus on how to identify opportunities when a 1031 exchange may be beneficial to a seller as well as the short and long-term investment objectives an exchange can help one accomplish.
“The MCAR Ask the Expert seminars are invaluable to its members and I am proud to have been selected as a panelist.” Said Umstead. “A 1031 exchange is a powerful wealth accumulation vehicle for real estate investors yet many simply are unfamiliar with them. I look forward to providing practical information my fellow MCAR members can use to assist their sellers while also growing their own real estate business.” Umstead added.
Umstead has been in the 1031 exchange industry for over thirteen years and was among the first exchange practitioners nationwide to earn the coveted Certified Exchange Specialist® (CES®) designation in 2003. She has facilitated thousands of exchanges of varying types and complexity. Additionally, she regularly presents seminars on 1031 exchanges and their many benefits to REALTORS®, CPAs, attorneys, title agents and investors. She has been a member of MCAR for several years.
About 1031 CORP.
Serving as a nationwide Qualified Intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide a superior exchange experience for its customers and their advisors. It provides its customers with enhanced security of funds, knowledgeable exchange professionals and commitment to keep the exchange process simple for our customers and their advisors. Every member of the exchange team is a Certified Exchange Specialist® and has the experience and expertise to facilitate even the most complex exchange transaction, including reverse, improvement and personal property exchanges. Additional information can be found at www.1031CORP.com.
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